RBI governor stresses on other banks to link loans and deposits to repo rate
Nabanita Dutta
News Editor
Image Credit: shortpedia
State Bank of India along with dozens of other public sector banks, have voluntarily linked their loans and deposits pricing to Reserve Bank of India's Repo rate. According to RBI governor Shaktikanta Das, the entire system needs to be switched to this model, and it is time for other banks to link their loans and deposits to repo rate as well. The process needs to move ahead faster, Das said at the Annual Bank conference.
